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 (prō-rāt′, prō′rāt′)
v. pro·rat·ed, pro·rat·ing, pro·rates
To divide, distribute, or assess proportionately.
To settle affairs on the basis of proportional distribution.

[From pro rata.]

pro·rat′a·ble adj.
pro·ra′tion n.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.proration - the proportional limitation of production or distribution of something (e.g. crude oil or natural gas) to some fractional part of the total capacity of each producer
coordination - the regulation of diverse elements into an integrated and harmonious operation
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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Since the number of shares tendered exceeded the number of shares the company offered to purchase, it will purchase the maximum percentage of outstanding shares on a pro-rata basis, as per the number of shares validly tendered with appropriate adjustment to avoid purchasing fractional shares (the proration factor).
The final proration factor for shares that Alliance Data has purchased pursuant to the tender offer is approximately 91.72%.
As per the agreement, Peoples shareholders will have the right to receive for each share of Peoples common stock and subject to proration, USD1,200.00 in cash, or 63.16 shares of Consumers common stock, or mixed consideration of cash and Consumers common stock.
(NYSE: REN), in connection with Cimarex's pending acquisition of Resolute, have set the election deadline for holders of shares of Resolute's common stock and holders of shares of Resolute's restricted stock (time and/or performance vested), outperformance share rights and/or options to elect the form of merger consideration they wish to receive in connection with the transaction, subject to proration, for 5:00 p.m.
If Shares with an aggregate purchase price of more than C$300,000,000 are properly tendered and not properly withdrawn, Home Capital will purchase the Shares on a pro rata basis after giving effect to "odd lot" tenders (of shareholders beneficially owning fewer than 100 Shares), which will not be subject to proration, and proportionate tenders.
Shareholders who owned fewer than 100 shares of CBS Class B common stock, or an "odd lot" of such shares, and who validly tendered all of their shares, were not subject to proration in accordance with the terms of the exchange offer.
Scott also would a new provision that could affect life insurance company "proration," or adjustments for dividends earned on investments.
The proration factor of 28.31% was applied to all shares of PDN common stock that were properly tendered and not properly withdrawn to determine the number of such shares that have been accepted for purchase from each tendering stockholder.
Each AEP shareholder will elect to receive either $110 in cash or 2.5011 shares of Berry common stock per AEP share in the transaction, subject to an overall 50/50 proration to ensure that 50% of the total outstanding AEP shares are exchanged for the cash consideration.
As such, FLY has determined that the preliminary proration factor for the tender offer is approximately 86.3 percent.